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Chevron Corp (NYSE:CVX)
3-Year Average Buyback Ratio
1.10 (As of Jun. 2016)

This is the average share buyback rate of the company over the past 3 years. A negative number means the company might be issuing new shares. A positive number indicates that the company is buying back shares.

CVX' s 3-Year Average Buyback Ratio Range Over the Past 10 Years
Min: -18.6   Max: 3.5
Current: 1.1

-18.6
3.5

During the past 13 years, Chevron Corp's highest 3-Year Average Share Buyback Ratio was 3.50. The lowest was -18.60. And the median was 0.40.

CVX's 3-Year Average Buyback Ratio is ranked higher than
88% of the 43 Companies
in the Global Oil & Gas Integrated industry.

( Industry Median: -1.70 vs. CVX: 1.10 )

Definition

This is the average share buyback rate of the company over the past 3 years.


Explanation

A negative number means the company might be issuing new shares. A positive number indicates that the company is buying back shares.


Be Aware

Investors usually like share buybacks. But as pointed by Warren Buffett, only if a company buys back shares at the prices below the stock's intrinsic value, it rewards remaining shareholders. If a company buys its overvalued stocks back, it destroys shareholder value.


Related Terms

Net Income

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